The Avs found someone to score in Stastny's place, picking up an aging player who has proven he's still got it. Iginla was given a three-year, $16 million deal on Tuesday, his 37th birthday. The wing had 30 goals to tie for the most in Boston last season. Colorado also acquired a veteran defenseman, Brad Stuart from San Jose.

The Vancouver Canucks gave goalie Miller a three-year deal worth $18 million after trading away Roberto Luongo and Cory Schneider.

NHL teams can spend as much as $69 million, an increase from last season's $64.3 million salary cap.

The Red Wings were willing to spend some of their money on a top defenseman, but each of them passed. They settled for re-signing Kyle Quincey to an $8.5 million, two-year deal.

"We pursued some right-shot defenseman and when they were off the market, we signed Quincey," Holland said. "The cap went up, and so did the cost of players."

The Washington Capitals also made a big splash — or at least spent the most money on a pair of players — by bolstering the blue line behind superstar Alex Ovechkin and giving defense-minded coach Barry Trotz the pieces he sought to build a winner. They signed Niskanen to a seven-year, $40.25 million contract soon after sealing a $27.5 million, five-year deal with defenseman Brooks Orpik, a pair of former Pittsburgh players.

The Minnesota Wild signed forward Thomas Vanek to a $19.5 million, three-year deal, two summers after investing a lot in free agents Zach Parise and Ryan Suter.

Dallas got a jump on the competition before free agency began, acquiring high-scoring forward Jason Spezza in a trade with Ottawa, taking advantage of having space under the salary cap.

"A lot of the teams that are up against the cap, they can't do anything," Stars general manager Jim Nill said. "We had lots of room. This worked out well for us. I look forward to Jason Spezza being a Dallas Star for many years."

The 31-year-old Spezza, set to be an unrestricted free agent next summer, had asked for a trade and previously turned down a deal that would have sent him to Nashville.

Buffalo, which had the fewest points in the NHL last season, and Florida, which was next worst, were very aggressive.

The Sabres infused their roster with veteran talent, giving forward Matt Moulson $25 million over five years and forward Brian Gionta a $12.75 million, three-year contract.

"One of the more desperate days of the hockey season," Hurricanes owner Peter Karmanos lamented. "A lot of our brethren are out running around trying to see how much money they can spend, and when the dust settles they'll figure out whether or not they have a hockey team."